ModelRisk

0(0 reviews)

Software Status:Active

About ModelRisk

ModelRisk is a risk analysis software from Vose Software that helps users make better risk-based decisions using Monte Carlo simulation. It provides an add-in for Excel, along with a trial download and quick start videos, so users can easily integrate risk analysis into their existing workflows. By using the capable features of ModelRisk, users can improve their risk assessment capabilities, assess uncertainties, and improve decision-making processes. The software is particularly useful for those transitioning from @RISK, offering comprehensive support and resources. Key capabilities: model building simulation risk assessment project management educational resources Best for: analysts and decision-makers that need effective risk analysis integrated into Excel.

ModelRisk Details

Vendor

Vose Software

Year Launched

2005

Location

Antwerpsesteenweg 489, Sint-Amandsberg, Oost-Vlaanderen 9040, BE

Deployment

cloud

Training Options

documentation, videos, live online, in person

Countries Served

All Countries

Languages

English, Spanish, German, French, Portuguese, Italian, Japanese, Chinese, Russian, Dutch, Turkish, Korean, Indonesian, Czech, Polish, Hungarian, Slovak, Thai, Vietnamese, Swedish, Finnish, Danish, Norwegian, Greek, Hebrew, Arabic, Hindi, Bengali, Punjabi, Urdu.

Users

Risk Analysts, Financial Managers, Investment Analysts, Data Scientists, Actuaries, I.T. Professionals, Risk Managers, Compliance Officers, Quantitative Analysts

Industries Served

Finance, Insurance, Healthcare, Energy, Manufacturing, Government, Retail, Technology, Telecommunications, Construction, Transportation

ModelRisk's In-App Market Place

Does ModelRisk have an in-app market place?

Yes

How many Mini-Apps in the marketplace?

Mini Apps

N/A

Pricing Options

Free trial

Free version

Request a quote

Promo Offer

Accepted Payment Currencies

AUD ($), CAD ($), CHF (CHF), DKK (DKK), EUR (€), GBP (£), JPY (¥), NOK (NOK), USD ($)

Pros & Cons

It is the fastest simulator with three times the functionality of its nearest competitor.
ModelRisk offers significant value for money, providing savings of around 50% versus comparable products.
The software is easiest to use due to being 100% compliant with all Excel calculation rules.
It incorporates virtually every probability distribution and has a history of innovation since 2009.
The tool includes specialized functionality for insurance, engineering, and portfolio optimization.

As an add-in, it requires the user to have an existing Microsoft Excel license to function.
The maximum listed price is a competitive €1450 per user per year, structured as an annual fee.
It requires replacing existing values with complex quantitative probability distribution functions.
Its primary focus is on Monte Carlo simulation, not on general-purpose predictive modeling.
A base Excel model must be built by the user before ModelRisk can begin analyzing the risk.